Is now a good time to buy?
14 Feb 2017
Short answer yes. Longer answer is absolutely yes.
Reasons are as follows:
Banks are being restrictive on lending however this will not last as banks make more money lending rather than not. Once they get their capital adequacy ratios back in order they will free up lending again resulting in more people qualifying for mortgages.
Whilst builders are still flat out building they also have a number of properties, either nearing completion, or sections that they need to settle on soon, hence they are offering attractive pricing that we haven't seen for over a year. Once these sell and the banks start lending again for them to buy more sections prices will firm up.
Check out our house and land packages
Underlying all of this we still have a major housing shortage in Auckland which isn't going to fix itself anytime soon.
If you need further convincing contact one of our team and we’ll demonstrate exactly how good these deals are.